Overview
What is Riverside Housing Corporation?
Riverside Housing Corporation is a nonprofit organization based in Concord, New Hampshire, specifically at PO Box 1016. Their primary mission is to provide affordable housing solutions for the elderly and individuals with disabilities, catering specifically to the Franklin, New Hampshire area. They execute this mission by offering low-income housing opportunities. This nonprofit organization plays a crucial role in ensuring that these vulnerable populations have access to suitable housing accommodations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Riverside Housing Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management practices. The rating is primarily driven by their score in the Accountability & Finance category, where they received a perfect score in several areas, such as having an entirely independent board and effective audit oversight. This high score indicates the organization’s commitment to transparency and responsible stewardship of donor funds.
The organization demonstrates a robust financial health with a low liabilities-to-assets ratio of 24.14%, indicating effective management of its obligations. Additionally, Riverside Housing Corporation allocates a significant 81.16% of its expenses directly towards its programs, showcasing a strong commitment to its mission and the efficient use of resources for community impact.
While the data reflects strong governance and financial practices, there could be potential limitations in areas not covered by the current metrics. However, the overall financial soundness and commitment to accountability suggest that Riverside Housing Corporation is effectively positioned to fulfill its mission and serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Riverside Housing Corporation legitimate?
Riverside Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverside Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Riverside Housing Corporation?
The Riverside Housing Corporation's mission is focused on providing affordable housing for the elderly and individuals with disabilities. This organization operates with the goal of making housing accessible for these groups in an unspecified location. Their primary activity revolves around offering low-income housing solutions, ensuring that the individuals in need have a place to call home.
Who is the CEO of Riverside Housing Corporation?
Valerie Perkins is the President of Riverside Housing Corporation.
What is the revenue of Riverside Housing Corporation?
Riverside Housing Corporation's revenue in 2022 was $616,097.
Who are the executives of Riverside Housing Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Riverside Housing Corporation?
Riverside Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Riverside Housing Corporation
Riverside Housing Corporation, a nonprofit organization, is committed to providing affordable housing for the elderly and individuals with disabilities. Situated in an unspecified location, this corporation's mission is to serve the Franklin, New Hampshire area specifically. Their primary goal is to ensure that these vulnerable groups have access to suitable and affordable living accommodations. By offering housing solutions, Riverside Housing Corporation aims to enhance the quality of life for its residents, providing them with a sense of security and stability.
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Impact
July, 2024
Riverside Housing Corporation's impact is evident in its provision of affordable housing for the elderly and/or handicapped in the Franklin, New Hampshire area. By offering low-income housing options, this organization plays a vital role in ensuring that vulnerable populations have access to safe and suitable living arrangements in their community. This support contributes to enhancing the quality of life and well-being of individuals who may otherwise struggle to afford appropriate housing, thereby fostering a more inclusive and supportive environment for seniors and those with disabilities in the region.
This information is meant to be a general summary of Riverside Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $359
- Program Service Revenue: $170,682
- Gross Receipts: $616,097
Assets and Liabilities:
- Total Assets: $590,243
- Total Liabilities: $246,069
- Net Assets: $344,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$170,682
Organization Details
Founding Year
1983
Phone
(603) 225-3295Principal Officer
Valerie Perkins
Main Address
PO BOX 1016, CONCORD, NH, 033021016
NTEE Category
Code: L22Z - Housing
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